Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

Swedish Meatballs with Lingonberry Sauce

Swedish Meatballs and Lingonberry Sauce with Last Night’s Episode of Breaking Bad

After my mom, dad, and youngest sister stopped by this afternoon for banana birthday cake, my brother and, later, my sister-in-law, came over for dinner.  We ended up opting for Swedish meatballs with lingonberry sauce and chunky red potatoes, while Tara, Aaron, and I caught up on last night’s episode of Breaking Bad, which none…

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Joshua Kennon Birthday Banana Pecan Cream Cheese Cake

Banana Birthday Cake with Cream Cheese Frosting and Pecan Garnish

With me turning 31 this week (thank you all for the birthday wishes on this morning’s post!), Aaron offered to make any birthday cake I wanted.  Now that we’ve tried most flavors following the past few years of non-stop cooking and baking, I decided to go with something slight off the beaten path: A banana birthday cake, finished with a cream cheese icing and chopped pecans.  

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Mail Bag Questions and Comments for Joshua Kennon

Mail Bag: Cash Flow Versus EPS for Intrinsic Value Calculations

This is one of those inside-baseball questions that the serious, more-than-part-time investors out there will probably enjoy. Hi, Joshua.  I could read your blog all day.  Thanks for everything that you do. When I read your commentary on payout ratios, it seems to focus on EPS payout ratio, or dividend coverage.  I don’t understand why you don’t…

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Finished Pot Roast with Vegetables

Pot Roast and the Zombie Apocalypse

Yesterday, I mentioned that we should make some sort of stew or pot roast so the house was filled with the warm, inviting scent of roasting meat and vegetables for most of the day.  I didn’t think anything of it, and figured it would happen later in the week, but upon waking this morning, I heard grocery bags being unloaded and discovered the process had already begun to try a new pot roast recipe that included carrots, celery, potatoes, parsnips, beef broth, chicken broth, a finish of red wine, herbs, and a few other ingredients.  As I’ve sat here going through some work I need to finish, the fragrance keeps getting stronger; it feels like a home should.

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Successful People Want to Marry Other Successful People

Income Inequality Is Partially Caused By Women Joining the Work Force

We’ve talked about income inequality a couple of years ago; specifically touching on the role of marriage patterns and assortative mating in household income levels.  We’ve also discussed the economics of assortative mating more directly – the deeply ingrained tendency of people to marry other people like themselves with similar educational backgrounds, cultural values, personalities, and career orientations. One interesting result of this is that the women’s liberation movement in the 1960s and 1970s planted seeds of radical income inequality that are just now coming to fruition. Of course, it’s not the only cause of income inequality, but it certainly does play a meaningful role in the gap that has developed between the well-heeled and the penurious.

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory